Tesla has finally started refunding those customers that it charged twice for new vehicle purchases.
In late March it was revealed that Tesla had introduced automated clearing house payments and almost immediately, some customers reported being double-billed for their purchases. One such customer, Tom Slattery, revealed that he had been charged twice for his Model Y to the tune of $106,000.
A number of other Tesla buyers reached out to
CNBC and revealed that they too had been charged twice. A representative from one Tesla store claimed that hundreds of customers had been double-charged for new vehicle purchases and yet, the electric car manufacturer was slow to reach out to customers and initially failed to provide refunds.
Tesla’s estimate-smashing deliveries of electric vehicles in the first quarter suggest boss Elon Musk’s bet on growth in China and Europe is starting to pay off.
The results marked a strong start to a year in which Mr Musk, the company’s chief executive officer, is counting on global operations to help scale-up production and sales.
The shares jumped after Palo Alto, California-based Tesla said it delivered 184,800 cars worldwide in the year’s first three months. The figures trounced the 169,850 average estimate in a Bloomberg survey of analysts and beat the fourth-quarter figure by about 4,000 vehicles.
The quarter was “a massive home run in the eyes of the bulls”, Dan Ives at Wedbush wrote in a research note. On Sunday, he upgraded Tesla to outperform from neutral, and raised his 12-month price target for the stock to $1,000 (€850), from $950. Tesla’s shares could hit $1,300 in a long-term bull case scenario, he said.
Tesla China demand fuels home run quarter for deliveries bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Tesla demand in China fuels ‘home run’ quarter for deliveries
Dana Hull and Yueqi Yang
Bloomberg
Tesla Inc.’s estimate-smashing deliveries of electric vehicles in the first quarter suggest boss Elon Musk’s bet on growth in China and Europe is starting to pay off.
The results marked a strong start to a year in which Musk, the company’s chief executive officer, is counting on global operations to help scale-up production and sales. Palo Alto, California-based Tesla delivered 184,800 cars worldwide in the year’s first three months, trouncing the 169,850 average estimate in a Bloomberg survey of analysts and beating the fourth-quarter figure by about 4,000 vehicles.